How can I save money with ISO 14001?

6 Jul, 2023

Being environmentally conscious is undoubtedly the right thing to do, and all businesses should aim to reduce their environmental impact. However, this can involve spending money, which may not make the Finance Director happy when considering implementing the ISO 14001 Environmental Management Standard. But have you considered how ISO 14001 could help save your business money? Here are some ways you can save:

Identifying Current Environmental Costs

ISO 14001 helps you pinpoint areas where you may be incurring environmental costs, such as energy, paper, or water consumption. Understanding where your money is going is crucial in reducing these costs.

Controls Expenditure 

ISO 14001 promotes the reduce, reuse, and recycle approach, leading to tangible cost reductions. It can also potentially lower taxes and liability insurance.

Mitigating Environmental Incidents 

Implementing an environmental policy can help prevent environmental incidents, reducing the risk of regulatory fines, clean-up costs, and potential damages or compensation to customers or suppliers.

Streamlining Business Changes

With an environmental policy, implementing changes or improvements within your business becomes smoother and faster. Engaged staff will actively seek better ways to reduce your environmental impact, ensuring minimal disruption to your operations and saving you money.

Employee Engagement and Retention 

Engaged employees are more likely to stay with your company, reducing the high costs associated with hiring and training new staff. Improving staff morale and reducing turnover is beneficial for both your employees and your financial stability.

Attracting Customers 

ISO 14001 can help you gain more customers and increase revenue. As more businesses prioritise environmental consciousness, they prefer to work with environmentally responsible companies. Achieving ISO 14001 demonstrates your commitment to the environment and boosts your reputation, positioning you ahead of less eco-conscious competitors.

In summary, ISO 14001 helps you save money by identifying, controlling and reducing your environmental costs, speeding up improvement implementation, increasing staff engagement, reducing staff turnover and improving your market position. With these benefits, why wait?

If you’re interested in implementing ISO 14001 or learning more about its advantages, visit our website here or get in touch with our team at 0330 058 5551 or info@isoqsltd.com.